AAM SLC Low Duration Income ETF (NYSEARCA:LODI – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 34,669 shares, a growth of 69.6% from the August 15th total of 20,446 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 25,700 shares, the short-interest ratio is presently 1.3 days.
AAM SLC Low Duration Income ETF Stock Performance
NYSEARCA LODI traded down $0.02 on Wednesday, reaching $25.03. 42,943 shares of the stock traded hands, compared to its average volume of 14,238. AAM SLC Low Duration Income ETF has a 12 month low of $25.01 and a 12 month high of $26.57. The firm’s fifty day simple moving average is $25.17 and its 200 day simple moving average is $25.22.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Waverly Advisors LLC bought a new position in shares of AAM SLC Low Duration Income ETF in the second quarter valued at $1,030,000. Spartan Wealth Advisory Services LLC acquired a new stake in shares of AAM SLC Low Duration Income ETF during the 1st quarter valued at $5,839,000. Independent Financial Group LLC bought a new stake in shares of AAM SLC Low Duration Income ETF during the 1st quarter worth $329,000. Private Advisor Group LLC bought a new stake in shares of AAM SLC Low Duration Income ETF during the 1st quarter worth $335,000. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of AAM SLC Low Duration Income ETF in the 1st quarter worth $232,000.
About AAM SLC Low Duration Income ETF
The AAM SLC Low Duration Income ETF (LODI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of income producing, USD-denominated fixed income securities. The fund may hold debt of any maturity but estimates to have an average portfolio duration of three years or less. LODI was launched on Dec 3, 2024 and is issued by Advisors Asset Management.
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